Is Dubai a crypto tax haven? The answer is not that simple. While Dubai has zero taxes on crypto profits and no reporting obligations, you must also consider other factors, like the cost of living and setting up a business there, residency requirements, and the tax laws in your...

The crypto space is more exciting and inventive than ever before, and in this list of best crypto startups to look out for in 2024, we’re shining a spotlight on startups making a real impact with their groundbreaking work.  1. Ledger Ledger is often counted among the best crypto...

Crypto loans made up almost half (47.4%) of DeFi in total value locked (TVL) in 2021, and it shouldn’t come off as a surprise. The best crypto lending platforms out there offer lower interest rates and better loan terms than traditional banks. It also allows investors to use their...

Despite best efforts from the IRS, we still have many gray areas of crypto taxation in the US that demand more clarity. These include liquidity pool taxes, staking reward taxes, whether NFTs are treated as property or collectible, and if the wash sale rule applies to crypto. Since March...

Cryptocurrencies like Bitcoin and Ethereum are changing the way we think about money, but they also come with various legal intricacies and questions about how they should be treated. In this blog post, we’re going to break down some of the biggest crypto legal battles of all time.  These...

There are mainly two main crypto tax penalties in Germany –  a) Late tax filings incurring a minimum penalty of €25 per month, calculated at 0.25% of tax liability.  b) Late payments attracting a 1% monthly penalty on the unpaid amount. Are you a crypto investor in Germany facing...

The following are the most common IRS crypto tax notices and what they mean: IRS Notice CP2000 alerts you about mismatches in your reported crypto transactions, requiring your review and response. Letter 6173 indicates the potential underreporting of crypto activities, needing a mandatory response. Letter 6174 serves as an...

Amending tax returns for your crypto earnings can be a lifesaver for many, especially in the fast-paced world of cryptocurrencies, where tax obligations can sometimes take a back seat.  You’ve probably experienced the excitement of crypto gains, only to realize later that tax reporting got lost in the shuffle....

Crypto tax penalties are fines you pay if you don’t file your tax return or pay your taxes correctly or on time. Not clearing your penalties on time can further accrue interest over time, leading to significant tax liabilities.  That is why crypto investors and traders in the United...

Bitcoin halving is an inbuilt feature in the Bitcoin network that reduces the rewards miners receive for adding new transactions to the blockchain by 50%. It occurs approximately every four years to control inflation and maintain scarcity, ultimately influencing Bitcoin’s supply and potentially its price. In this guide, we...